Adesto Technologies Corp (IOTS) Releases Earnings Results, Reports EPS of $-0.16 EPS

Adesto Technologies Corp (IOTS) reported quarterly earnings results on Thursday, May-5-2016. The company reported $-0.16 EPS for the quarter. Analysts had a consensus estimate of $-0.16. The company posted revenue of $10.20 million in the period, compared to analysts expectations of $10.20 million. The company’s revenue was up 5.2% compared to the same quarter last year.

Many Wall Street Analysts have commented on Adesto Technologies Corp. Shares were Reiterated by Needham on Apr 14, 2016 to “Strong Buy” and Lowered the Price Target to $ 8 from a previous price target of $10 .Shares were Reiterated by The Benchmark Company on Apr 13, 2016 to “Buy” and Lowered the Price Target to $ 8 from a previous price target of $9 .The Benchmark Company Initiated Adesto Technologies Corp on Feb 19, 2016 to “Buy”, Price Target of the shares are set at $9.

Adesto Technologies Corporation is a provider of application-specific non-volatile memory (NVM) products. The Company optimizes its NVM products for Internet of Things (IoT) applications including Internet-connected devices in the consumer electronics industrial medical and wearables markets. The Company’s NVM product families include DataFlash Fusion Flash and Mavriq. The Company’s products offer different feature sets and architectures and are organized into three product families based on two silicon technology platforms: floating gate and Conductive Bridging Random Access Memory (CBRAM). The Company sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.

Adesto Technologies Corp

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